Australia's ANZ looks beyond housing as rate hikes hit margins
By Byron Kaye and Savyata Mishra (Reuters) -Australian lender ANZ Banking Group Ltd said it was diversifying beyond a residential mortgage market gripped
Source: shorenewsnetwork.com
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NAB's share price plunge following earnings results shows the big four banks' profit pain
The expected profit boost from higher interest rates has evaporated, casting a pall over a result that tells the story of National Australia Bank’s turnaround.
Source: afr.com
ASX NAB: NAB crunched as major banks caught in competition trap
The bank’s shares closed 6.4 per cent lower as investors fretted about competition eating into revenue and rising funding costs.
Source: afr.com
Investors are racking up $20,000 in bank cashbacks from refinancing mortgages
More than a quarter of home owners are refinancing their mortgages every year, and are being paid thousands by the banks for their short-lived custom.
Source: afr.com
Big four banks desperate to keep existing mortgage customers
More people have cottoned onto the pricing tricks employed by banks, and many mortgage holders have started demanding their lender give them a better rate.
Source: theage.com.au